Great West Life Assurance Co. Can acquired a new position in shares of NCR Co. (NYSE:NCR – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 95,258 shares of the information technology services provider's stock, valued at approximately $1,812,000. Great West Life Assurance Co. Can owned approximately 0.07% of NCR at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new stake in NCR during the second quarter worth approximately $37,000. Focused Wealth Management Inc acquired a new stake in NCR during the third quarter worth approximately $38,000. Wipfli Financial Advisors LLC acquired a new stake in NCR during the third quarter worth approximately $38,000. Ronald Blue Trust Inc. acquired a new stake in NCR during the second quarter worth approximately $40,000. Finally, CWM LLC raised its holdings in NCR by 61.1% during the third quarter. CWM LLC now owns 2,260 shares of the information technology services provider's stock worth $43,000 after purchasing an additional 857 shares in the last quarter. Institutional investors and hedge funds own 92.99% of the company's stock.
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Analysts Set New Price Targets
NCR has been the topic of a number of recent research reports. DA Davidson cut their target price on shares of NCR from $45.00 to $35.00 in a report on Thursday, October 27th. StockNews.com initiated coverage on shares of NCR in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Stephens lifted their target price on shares of NCR from $28.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, December 8th. Finally, Morgan Stanley cut their target price on shares of NCR from $27.00 to $24.00 and set an "equal weight" rating on the stock in a report on Monday, October 17th.
Insider Buying and Selling at NCR
In other news, Director Joseph E. Reece acquired 5,000 shares of the company's stock in a transaction on Wednesday, November 9th. The shares were bought at an average cost of $20.82 per share, with a total value of $104,100.00. Following the purchase, the director now owns 23,018 shares of the company's stock, valued at approximately $479,234.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through
this hyperlink. 7.10% of the stock is currently owned by corporate insiders.
NCR Stock Performance
Shares of NCR opened at $27.07 on Friday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.85 and a current ratio of 1.15. The stock has a market capitalization of $3.72 billion, a P/E ratio of 31.11 and a beta of 1.66. The company's fifty day moving average is $24.08 and its two-hundred day moving average is $25.54. NCR Co. has a 1 year low of $18.06 and a 1 year high of $44.59.
NCR Profile
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NCR Corp. engages in the development, manufacture, and sale of consumer transaction solutions. It operates through the following segments: Banking, Retail, Hospitality, and Telecommunications and Technology. The Banking segment offers software, services, and hardware solutions for the financial services industry.
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